Resources

 

Wealth Psychology Show: Leaving a Lasting, Positive Legacy!


Michael Palumbos.jpgOn Sylvia Global's Wealth Psychology Show with Dr. Jamie and Emily, we tackle some important and relevant topics when it comes to estate planning – touching on not only the “head”, but more importantly the “heart” of what’s really important to anyone who cares about leaving a lasting, positive legacy.

Our guest this week is Michael Palumbos, a second-generation family business owner, nationally recognized speaker, author and coach for families serious about avoiding the shirt-sleeves to shirt-sleeves in three generations syndrome that befalls more than 70% of families. He has appeared in national publications, such as, Family Business Magazine, MyBusiness Magazine, Reuters and Forbes.com.

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Entitled or Empowered? How to Make the Most of your High End Travel Experience


Holly KeynotesOn our Aug. 20th Wealth Psychology show,  we interview Holly Stiel about her latest book: "How to get the best out of your hotel concierge A to Z". While there are many ways of interfacing and interacting with the people whose role it is to be of assistance to us, there are ways to go about it that will bring you the best results, and may further your experience in ways beyond what you initially thought.

Holly is a renowned expert in the field of hotel hospitality and she's revealing to us how to move in more effective and empowered ways when interacting with service professionals -- especially the concierge.

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Are you one of 125 million adults in North America without a Will?


Willing-Wisdom-Book-CoverOn Aug. 27th we will be speaking with Dr. Tom Deans, author of the new book: "Willing Wisdom" to discuss why having a will -- which, by the way, only costs $500 on average -- is so often avoided - and what we can do about it!

On this edition of Sylvia Global Media's Wealth Psychology Show with Emily and Dr. Jamie, we will explore why more than 125 million US and Canadian adults don't have a will and why this is a tragedy Dr. Deans is passionate about rectifying. During this interview, we will address:

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Gandolfini's Wake Up Call for Blended Families Explored on the Radio

Managing Partner of Wealth Legacy Group, Emily Bouchard, was interviewed by Kerry Lutz at the Financial Survival Network on the importaFSNnce of sound blended family estate planning. During this brief, informative interview, Emily and Kerry relate real life stories of what to do and what not to do, and the ramifications on beneficiaries when they aren't included in the estate planning process. Listen Now

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Town & Country Magazine: Inheritance Guide

town and country1Town & Country magazine's August edition has a special "Inheritance Guide" that includes tips from Wealth Legacy Group's founder, Jamie Traeger-Muney on what to do when you first experience an unexpected windfall.  According to Dr. Traeger-Muney, it is important to allow yourself "time to make a plan, so you're not shooting from the hip...Like any big transition, inheritance comes with a certain amount of emotional baggage. It brings the opportunity for freedom, which is positive. But it also creates unique challenges."  Read the full article

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Wall Street Journal

Emily Bouchard, managing partner of Wealth Legacy Group, is quoted in the Aug. 3, 2013 edition of the Wall Street Journal in Kelly Greene's article on Gandolfini's will as it relates to Blended Family estate planning. Excerpt: Treating your children differently. As part of his estate plan, Gandolfini left a large life-insurance policy to his son in a trust that shields it from tax. His will doesn’t refer to a similar arrangement for his young daughter, says Emily Bouchard, managing partner of Wealth Legacy Group in San Rafael, Calif. Of course, Gandolfini could have left documents that aren’t public that could explain the discrepancy. Still, “he’s done something in his estate plan that might have been fair, but not equal,” Bouchard told Greene. “It creates questions in the minds of the children, ‘Did he care more about him than me?’ When there’s a void of information, you fill it with the worst-case scenario.” Read more at MarketWatch...

 

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Inheriting an Unexpected Windfall - Protect Yourself from Losing it

town and countryWhile boarding a plane to Orange County I stood behind a man who looked like Santa Claus who had just stepped off a Harley, with his Marine Veterans cap and rough look in his eyes. During our brief interaction, he shared with me that he had traveled from North Carolina with a one way ticket to pick up his wife’s inheritance of $2 million from her 84 year old sister. His plan was to collect the money, deposit it in a bank at the airport, and then use some of the money to purchase his ticket home.  He explained that he lived on $700/month and didn’t have the cash on hand to pay for his flight on his own.

I was perplexed and a bit dismayed if his story was actually true. I quickly acknowledged him for telling me, and strongly recommended that he not tell anyone else what he was up to. I then did my best to caution him, telling him that without the right preparations and planning, that money would likely be gone within 19 months. He laughed me off, telling me he knew all about that statistic and that he didn’t plan on being like one of those fools. Then he proceeded to tell me all the things he was going to spend the money on, and I listened as my heart sank, knowing what lay ahead for him.

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Women and Investing: It's About Enrichment

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Back by Popular Demand!! The Dreaded PreNup - Why it Can be Good for your Relationship

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Join us for Wealth Psychology with Emily and Dr. Jamie as we explore the emotional impact of prenups.

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Elective Breast Removal: True Wealth Begins with Physical Health

angelinaThis week Angelina Jolie stunned the world by revealing she elected to have a double mastectomy prophylactically.   A woman of great wealth on every level -- stardom, financial affluence, famous, gorgeous husband, thriving family and humanitarian engagement, and who has made her money on her acting ability and her gorgeous, powerful, feminine look and body -- Jolie focused on the most vital area of wealth: PHYSICAL HEALTH

Given medical technology's ability to predict odds of getting cancer in the future, she elected to remove the tissue most likely to generate the potentially deadly disease.

She opted to hedge her bets towards longevity and continuing to build a lasting legacy.
She understands our favorite quote: "No body, nobody."

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Money Patterns Revealed: Understanding Money Habits and Behaviors that Keep Repeating

moneymagiccoverJoin us to learn more about why you keep repeating the same conversations, arguments, mistakes, or having the same challenges when it comes to money in your life.

In 2004, I started working with families on the successful transitioning of wealth from one generation to the next.

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Exploring the Reality of Real Estate Investing

Exploring the Reality of Real Estate Investing with Emily Bouchard of Wealth Legacy Group

This show is inspired by a 60 year old widow who recently shared with us that she is seriously looking into real estate as a way to invest the cash from her husband’s life insurance policy. We’ve invited an expert with over 30 years of experience to tackle this topic head on – we don’t want her, or anyone else, to be taken advantage of by hype and schemes in the real estate investment world.

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Domestic Partnerships and Non-Traditional Families - What you Need to Know

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The Wealth Psychology Show with Emily and Dr. Jamie focuses on the emotional side of domestic partnerships with our guest, family law attorney, Terrance C. Heath, of Heath-Newton, LLP.  You can learn more about this show and others at Sylvia Global.

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Facing Transitions from a Place of Abundance!

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Women Inheritors and Their Advisors: Empowered Financial Advising

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Women and Financial Advisors - How to Work Better Together

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Are you one of the many women we encounter daily who are dissatisfied with the service they get from their financial advisers?

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Wisdom about Wealth: What to Do when you Marry Someone Conflicted about their Wealth

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Do you experience conflicting emotions related to the degree of wealth you have?

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Redefining Success – Wisdom from a truly Successful Woman

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If you had the chance to ask a successful woman in the world of wealth management one question, what would you want to know?

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Guardians and Trustees: When and How to Prepare Beneficiaries

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During our interview with authors and wealth psychology professionals, Keith Whitaker and Susan Massenzio, we received listener questions related to the impact of gift giving on inheritors.  We ran out of time before we could respond to the following question on air - here's the question and our response:

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Women on Corporate Boards – What it Takes and Why it’s Important

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During this special segment of the Wealth Psychology show on Sylvia Global Radio, Emily Bouchard speaks with the founder of Broads Circle and their panelists for their upcoming meeting focused on the vital need for more women to be on corporate boards.

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Latest News

Money Types will Assist or Derail Financial Conversations"Valerie" (not her real name to protect her privacy), newly engaged to Bob who has two children from his prior marriage, is meeting with Bob and his long time male estate-planning attorney. The...
Jamie writes: "To truly calculate your net worth, you must consider all of your assets. Now, let me be clear, as a coach and a consultant to some of the world's wealthiest people, I am not simply talking about real estate, jewelry, or other types of ...

Recent Blogs

This week, I'm turning 50 and I thought the best gift I would receive was finishing the first draft of my book, Thrive & Help Thrive. The concept of the book is the more we leverage our True Net Worth (our talents, trusts, treasures & time) t...
​The number one concern we hear from our clients is the worry that their wealth will negatively impact their children and grandchildren, causing them to be spoiled, entitled, and to lack motivation.Questions like these are keeping thoughtful parents ...